Borrowing Money for Packaged Frozen Food Wholesalers

With these bank loans for packaged frozen food wholesalers, the SBA guarantees the lender that the loan will be repaid. This packaged frozen food wholesalers loan for $300,000 was given to a North Carolina entrepreneur in 2002.

Getting a small business loan in Ocean Isle Beach, North Carolina was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Niagara Bank, operating out of Lockport, New York. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: PACKAGED FROZEN FOOD WHOLESALERS
OCEAN ISLE BEACH, NC 28469

SBA Loan Lender

FIRST NIAGARA BANK
6950 S TRANSIT RD
LOCKPORT, NY 14094

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422420 - Packaged Frozen Food Wholesalers

Loan Approval Date

8/1/2002

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Niagara Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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